BNY Mellon profit surges 67% on one-time gain

FILE PHOTO: The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York’s financial district March 11, 2015. /Brendan McDermid () – Bank of New York Mellon Corp (BK.N) posted a 67% jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an equity investment. The bank said net income applicable to common shareholders rose to $1.39 billion, or $1.52 per share, in the fourth quarter ended Dec. 31, from $832 million, or 84 cents per share, a year earlier. ( Reporting by Bharath Manjesh in Bengaluru; Editing by Sriraj KalluvilaOur Standards:The Thomson Trust Principles.